Human Capital and Economic Growth The Impact of Health, Education an
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several import
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Human Capital and Economic Growth The Impact of Health, Education and Demographic Change
Human Capital and Economic Growth
Alberto Bucci • Klaus Prettner • Alexia Prskawetz Editors
Human Capital and Economic Growth The Impact of Health, Education and Demographic Change
Editors Alberto Bucci Department of Economics, Management, and Quantitative Methods (DEMM) University of Milan Milan, Italy
Klaus Prettner Institute of Economics University of Hohenheim Stuttgart, Germany
Alexia Prskawetz Institute of Statistics and Mathematical Methods in Economics Vienna University of Technology Vienna, Austria
ISBN 978-3-030-21598-9 ISBN 978-3-030-21599-6 https://doi.org/10.1007/978-3-030-21599-6
(eBook)
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Introduction Alberto Bucci, Klaus Prettner, and Alexia Prskawetz
Beginning with the seminal work by Romer (1986, 1987), theoretical and empirical research on economic growth have experienced a dramatic boom. The “New” (i.e., Endogenous) Growth Theory has focused on productivity advances that stem from embodied and from disembodied technological progress. Thus, in this theory increased human capital accumulation in the form of schooling and education by people (Lucas, 1988) and intensified R&D investments by firms (Romer, 1990) both play a central role in spurring long-term productivity growth. According to recent estimates (Barro, 2013), the variable “years of schooling at the secondary and higher level for males aged 25 and over” shows a significantly positive effect on subsequent economic growth: an extra year of male
A. Bucci Department of Economics, Man
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